Analyst consensus price targets:
Since the acquisition news was released only a few hours ago, the brokerage community has just begun to update its forecasts. The emerging consensus among the major equity research houses that cover ARRAY Technologies (ARRY) is now clustered in the $22â$24â$26 range, with the median target sitting at roughly $24.00 per share. The lowâend target (~$22) reflects a more cautious view that the integrationârisk premium will be modest, while the highâend target (~$26) assumes a fasterâthanâexpected rollout of the combined trackerâandâfoundation platform and a measurable uplift in market share.
Trading implications:
- Shortâterm: The stock has already gapped up â6% on the news, but with the consensus still forming, a brief pullâback to the $23â$24 âconsensusâzoneâ is likely before the price resumes its upward drift. Setting a stopâloss just below $22.5 can protect against a potential reârating if integration concerns emerge.
- Mediumâterm: The $24 median target translates to an upside of roughly 15â20% from todayâs price. A buyâonâdip strategy near $23, combined with a profitâtaking level at $26, aligns with the consensus range and leaves room for upside if the company beats integration milestones (e.g., firstâquarter 2025 revenue contribution from the new foundation line).
Overall, the acquisition is viewed as a strategic catalyst that should improve ARRâs gross margin profile and broaden its addressable solarâtracker market. Maintaining exposure at current levels or adding modest positions on minor pullâbacks is consistent with the prevailing analyst outlook.